average prime offer rate
Defined in 1 place of the United States Code.
The term “average prime offer rate” means the average prime offer rate for a comparable transaction as of the date on which the interest rate for the transaction is set, as published by the Bureau..1
Source
- 2010–201115 U.S.C. § 1639cCommerce and Trade · Minimum standards for residential mortgage loans · under this subchapter
The term “average prime offer rate” means the average prime offer rate for a comparable transaction as of the date on which the interest rate for the transaction is set, as published by the Bureau..2
Source
- 2011–present15 U.S.C. § 1639cCommerce and Trade · Minimum standards for residential mortgage loans · under this subchapter